you miss the point Andreas. It is not about the magnitude but about the form of a price. A number with no decimals or with two decimals is percieved as a price in some currency. A number with more than two decimals is just not percieved as a price but as a geeky something that you rather convert to local currency. Tamas Blummer Bits of Proof On 14.03.2014, at 15:49, Andreas Schildbach wrote: > How much do you pay for an Espresso in your local currency? > > At least for the Euro and the Dollar, mBTC 3.56 is very close to what > people would expect. Certainly more familiar than µBTC 3558 or BTC > 0.003578. > > Anyway, I was just sharing real-world experience: nobody is confused. > > > On 03/14/2014 03:14 PM, Tamas Blummer wrote: >> You give them a hard to interpret thing like mBTC and then wonder >> why they rather look at local currency. Because the choices you >> gave them are bad. >> >> I think Bitcoin would have a better chance to be percieved as a >> currency of its own if it had prices and fractions like currencies >> do. >> >> 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits >> would be. >> >> >> Tamas Blummer Bits of Proof >> >> On 14.03.2014, at 15:05, Andreas Schildbach >> wrote: >> >>> btw. None of Bitcoin Wallet's users complained about confusion >>> because of the mBTC switch. In contrast, I get many mails and >>> questions if exchange rates happen to differ by >10%. >>> >>> I suspect nobody looks at the Bitcoin price. It's the amount in >>> local currency that matters to the users. >>> >>> >>> On 03/13/2014 02:40 PM, Andreas Schildbach wrote: >>>> Indeed. And users were crying for mBTC. Nobody was asking for >>>> µBTC. >>>> >>>> I must admit I was not aware if this thread. I just watched >>>> other wallets and at some point decided its time to switch to >>>> mBTC. >>>> >>>> >>>> On 03/13/2014 02:31 PM, Mike Hearn wrote: >>>>> The standard has become mBTC and that's what was adopted. >>>>> It's too late to try and sway this on a mailing list thread >>>>> now. >>>>> >>>>> >>>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe >>>>> > wrote: >>>>> >>>>> The MultiBit HD view is that this is a locale-sensitive >>>>> presentation issue. As a result we offer a simple >>>>> configuration panel giving pretty much every possible >>>>> combination: icon, m+icon, μ+icon, BTC, mBTC, μBTC, XBT, >>>>> mXBT, μXBT, sat along with settings for leading/trailing >>>>> symbol, commas, spaces and points. This allows anyone to >>>>> customise to meet their own needs beyond the offered default. >>>>> >>>>> >>>>> We apply the NIST guidelines for representation of SI unit >>>>> symbols (i.e no conversion to native language, no RTL giving >>>>> icon+m etc). >>>>> >>>>> Right now MultiBit HD is configured to use m+icon taken from >>>>> the Font Awesome icon set. However reading earlier posts it >>>>> seems that μ+icon is more sensible. >>>>> >>>>> Let us know what you'd like. >>>>> >>>>> Links: m+icon screenshot: http://imgur.com/a/WCDoG Font >>>>> Awesome icon: >>>>> http://fortawesome.github.io/Font-Awesome/icon/btc/ NIST SI >>>>> guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html >>>>> >>>>> >>>>> On 13 March 2014 12:56, Jeff Garzik >>>> > wrote: >>>>> >>>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC >>>>> several weeks ago, which was disappointing -- it sounded like >>>>> the consensus was uBTC, and moving to uBTC later --which will >>>>> happen-- may result in additional user confusion, thanks to >>>>> yet another decimal place transition. >>>>> >>>>> >>>>> >>>>> On Sun, Nov 17, 2013 at 9:28 PM, Wendell >>>> > wrote: >>>>>> We're with uBTC too. Been waiting for the signal to do >>>>>> this, >>>>> let's do it right after the fee system is improved. >>>>>> >>>>>> -wendell >>>>>> >>>>>> grabhive.com | >>>>>> twitter.com/hivewallet >>>>> | gpg: 6C0C9411 >>>>>> >>>>>> On Nov 15, 2013, at 6:03 AM, Jeff Garzik wrote: >>>>>> >>>>>>> Go straight to uBTC. Humans and existing computer >>>>>>> systems >>>>> handle numbers to >>>>>>> the left of the decimals just fine (HK Dollars, Yen). >>>>>>> The >>>>> opposite is >>>>>>> untrue (QuickBooks really does not like 3+ decimal >>>>>>> places). >>>>>> >>>>> >>>>> >>>>> >>>>> -- Jeff Garzik Bitcoin core developer and open source >>>>> evangelist BitPay, Inc. https://bitpay.com/ >>>>> >>>>> ------------------------------------------------------------------------------ >>>>> >>>>> > Learn Graph Databases - Download FREE O'Reilly Book >>>>> "Graph Databases" is the definitive new guide to graph >>>>> databases and their applications. Written by three acclaimed >>>>> leaders in the field, this first edition is now available. >>>>> Download your free book today! >>>>> http://p.sf.net/sfu/13534_NeoTech >>>>> _______________________________________________ >>>>> Bitcoin-development mailing list >>>>> Bitcoin-development@lists.sourceforge.net >>>>> >>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >>>>> >>>>> >>>>> >>>>> >>>>> > ------------------------------------------------------------------------------ >>>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph >>>>> Databases" is the definitive new guide to graph databases >>>>> and their applications. Written by three acclaimed leaders in >>>>> the field, this first edition is now available. Download your >>>>> free book today! http://p.sf.net/sfu/13534_NeoTech >>>>> _______________________________________________ >>>>> Bitcoin-development mailing list >>>>> Bitcoin-development@lists.sourceforge.net >>>>> >>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> > ------------------------------------------------------------------------------ >>>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph >>>>> Databases" is the definitive new guide to graph databases and >>>>> their applications. Written by three acclaimed leaders in the >>>>> field, this first edition is now available. Download your >>>>> free book today! http://p.sf.net/sfu/13534_NeoTech >>>>> >>>>> >>>>> >>>>> _______________________________________________ >>>>> Bitcoin-development mailing list >>>>> Bitcoin-development@lists.sourceforge.net >>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >>>>> >>>> >>>> >>>> >>>> >>>>> > ------------------------------------------------------------------------------ >>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph >>>> Databases" is the definitive new guide to graph databases and >>>> their applications. Written by three acclaimed leaders in the >>>> field, this first edition is now available. Download your free >>>> book today! http://p.sf.net/sfu/13534_NeoTech >>>> _______________________________________________ >>>> Bitcoin-development mailing list >>>> Bitcoin-development@lists.sourceforge.net >>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >>>> >>> >>> >>> >>> >>>> > ------------------------------------------------------------------------------ >>> Learn Graph Databases - Download FREE O'Reilly Book "Graph >>> Databases" is the definitive new guide to graph databases and >>> their applications. Written by three acclaimed leaders in the >>> field, this first edition is now available. Download your free >>> book today! http://p.sf.net/sfu/13534_NeoTech >>> _______________________________________________ >>> Bitcoin-development mailing list >>> Bitcoin-development@lists.sourceforge.net >>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >> >> >> >> ------------------------------------------------------------------------------ >> >> > Learn Graph Databases - Download FREE O'Reilly Book >> "Graph Databases" is the definitive new guide to graph databases >> and their applications. Written by three acclaimed leaders in the >> field, this first edition is now available. Download your free book >> today! http://p.sf.net/sfu/13534_NeoTech >> >> >> >> _______________________________________________ Bitcoin-development >> mailing list Bitcoin-development@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >> > > > > ------------------------------------------------------------------------------ > Learn Graph Databases - Download FREE O'Reilly Book > "Graph Databases" is the definitive new guide to graph databases and their > applications. Written by three acclaimed leaders in the field, > this first edition is now available. Download your free book today! > http://p.sf.net/sfu/13534_NeoTech > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development